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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Penalty proceedings u/s.271(1)(c) - This judgment of Hon'ble ...


Supreme Court: No Penalty u/s 271(1)(c) of Income Tax Act Due to Bona Fide Belief in 2009 Case.

June 27, 2018

Case Laws     Income Tax     AT

Penalty proceedings u/s.271(1)(c) - This judgment of Hon'ble Supreme Court had come after the closure of the financial year 31st March, 2009. Thus, at the time of filing of return of income assessee did have a bonafide belief - No penalty.

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